Marten Trans LTD (MRTN) Market Valuation Rose While Granite Investment Partners LLC Cut Holding by $3.67 Million

April 18, 2018 - By Adrian Mccoy

Marten Transport, Ltd. (NASDAQ:MRTN) LogoInvestors sentiment decreased to 1.34 in Q4 2017. Its down 11.56, from 12.9 in 2017Q3. It turned negative, as 7 investors sold MRTN shares while 52 reduced holdings. 32 funds opened positions while 47 raised stakes. 36.35 million shares or 50.97% less from 74.14 million shares in 2017Q3 were reported. Dalton Greiner Hartman Maher & owns 0.22% invested in Marten Transport, Ltd. (NASDAQ:MRTN) for 202,858 shares. Mason Street Advsrs Limited Liability Company invested 0% of its portfolio in Marten Transport, Ltd. (NASDAQ:MRTN). Kestrel Invest Corp stated it has 320,895 shares. Geode Capital Management Lc holds 0% or 369,145 shares in its portfolio. Arizona State Retirement Sys owns 65,012 shares. Bard Assocs invested 0.63% in Marten Transport, Ltd. (NASDAQ:MRTN). Inv Counselors Of Maryland Ltd Liability Corporation holds 0.08% or 77,134 shares in its portfolio. State Of Alaska Department Of Revenue invested in 7,683 shares. Barclays Pcl reported 17,600 shares. Penn Capital Mgmt invested in 278,533 shares. Dimensional Fund Advsr Lp reported 4.58M shares. Us Comml Bank De invested in 26,880 shares or 0% of the stock. Grantham Mayo Van Otterloo Limited Liability Co, Massachusetts-based fund reported 14,333 shares. Pinebridge Investments Lp stated it has 45,093 shares. Moreover, Morgan Stanley has 0% invested in Marten Transport, Ltd. (NASDAQ:MRTN) for 201,799 shares.

Since February 2, 2018, it had 0 buys, and 2 selling transactions for $421,563 activity. 12,000 shares were sold by HAGNESS LARRY B, worth $280,625 on Friday, February 2.

Granite Investment Partners Llc decreased its stake in Marten Trans Ltd (MRTN) by 21.71% based on its latest 2017Q4 regulatory filing with the SEC. Granite Investment Partners Llc sold 183,663 shares as the company’s stock rose 9.07% while stock markets declined. The institutional investor held 662,262 shares of the transportation company at the end of 2017Q4, valued at $13.44 million, down from 845,925 at the end of the previous reported quarter. Granite Investment Partners Llc who had been investing in Marten Trans Ltd for a number of months, seems to be less bullish one the $1.31 billion market cap company. The stock increased 0.63% or $0.15 during the last trading session, reaching $23.95. About 105,415 shares traded. Marten Transport, Ltd. (NASDAQ:MRTN) has risen 56.47% since April 18, 2017 and is uptrending. It has outperformed by 44.92% the S&P500.

Granite Investment Partners Llc, which manages about $892.06 million and $1.58B US Long portfolio, upped its stake in Cambrex Corp (NYSE:CBM) by 98,768 shares to 342,478 shares, valued at $16.44 million in 2017Q4, according to the filing. It also increased its holding in Acushnet Holdings Corp by 210,212 shares in the quarter, for a total of 879,968 shares, and has risen its stake in Cooper Std Hldgs Inc (NYSE:CPS).

Analysts await Marten Transport, Ltd. (NASDAQ:MRTN) to report earnings on April, 19 after the close. They expect $0.19 earnings per share, up 26.67 % or $0.04 from last year’s $0.15 per share. MRTN’s profit will be $10.37M for 31.51 P/E if the $0.19 EPS becomes a reality. After $0.16 actual earnings per share reported by Marten Transport, Ltd. for the previous quarter, Wall Street now forecasts 18.75 % EPS growth.

Marten Transport, Ltd. (NASDAQ:MRTN) Ratings Coverage

Among 3 analysts covering Marten Transport (NASDAQ:MRTN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Marten Transport had 3 analyst reports since January 8, 2018 according to SRatingsIntel. Seaport Global upgraded Marten Transport, Ltd. (NASDAQ:MRTN) rating on Friday, January 26. Seaport Global has “Buy” rating and $30.0 target. Stifel Nicolaus maintained Marten Transport, Ltd. (NASDAQ:MRTN) rating on Friday, April 6. Stifel Nicolaus has “Hold” rating and $20 target. Stephens maintained the stock with “Buy” rating in Monday, January 8 report.

Marten Transport, Ltd. (NASDAQ:MRTN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.